Hi guys, I have been reading these forums for sometime now and im totally new to property investing and so bare with me while i pick ur brains
Ive notice not many posts about city apartments for investment, from what i can see it has great rental returns and great to move in urself while still renting out the other room if you love the city life and work in the city. Now i am aware of that land/house will return better capital gains however im taking into account of myself moving in within the near future, so my plan is to either buy it and move in using the FHOG while sharing with another person OR buy it without the FHOG and rent it out to 2 people for approx $400 a week
what do u guys think of this? i think its a pretty good price considering the size which is 70m2, just worried what other costs will be like body corporate, land tax water tax etc
http://www.realestate.com.au/cgi-bi...r=&cc=&c=80585663&s=vic&snf=ras&tm=1216800138
Im seriously considering it, is this a good investment? what are the pros? cons? what does the future hold for city apartments? are they worth it? does the value usually increase?
any help would be greatly appreciated!! thanks guys oh and im 23 years old
Ive notice not many posts about city apartments for investment, from what i can see it has great rental returns and great to move in urself while still renting out the other room if you love the city life and work in the city. Now i am aware of that land/house will return better capital gains however im taking into account of myself moving in within the near future, so my plan is to either buy it and move in using the FHOG while sharing with another person OR buy it without the FHOG and rent it out to 2 people for approx $400 a week
what do u guys think of this? i think its a pretty good price considering the size which is 70m2, just worried what other costs will be like body corporate, land tax water tax etc
http://www.realestate.com.au/cgi-bi...r=&cc=&c=80585663&s=vic&snf=ras&tm=1216800138
Im seriously considering it, is this a good investment? what are the pros? cons? what does the future hold for city apartments? are they worth it? does the value usually increase?
any help would be greatly appreciated!! thanks guys oh and im 23 years old